GERMANY - Fortis Investments has acquired a 25.1% stake in the German entity Versiko, a Duesseldorf-based asset management company.
Under the terms of their strategic partnership, Fortis Investments and Versiko will promote and develop the management of SRI funds across Europe.
Following the acquisition, Fortis Investments will take over the investment management of Versiko’s flagship OekoVision fund, a global SRI equity fund with some EUR135m of assets under management, and will distribute it across the Fortis Investments network.
Thomas Rostron (pictured), managing director and head of client service and business development at Fortis Investments said: “This deal underlines our strong commitment to the German market and we are delighted to add this SRI capability to our existing offering. With Versiko’s network of tied agents we now have an additional distribution channel for our Luxembourg-domiciled Fortis L fund.”
Versiko’s main areas of activity are the distribution of (unit-linked) life and pension products to German retail and institutional clients and the management of socially responsible investment funds.
Fortis Investments is a multi-centre, multi-product asset management company with EUR87bn assets under management.
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